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10 October, 03:25

Suppose an investment of $2,300 doubles in value every decade. The function gives the value of the investment after x decades. f (x) = 2300*2^x How much is the investment worth after 2 decades?

a.$2,355,200

b. $92,000

c. $46,000

d. $9,200

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Answers (1)
  1. 10 October, 03:50
    0
    F (x) = 2,300 * 2^x

    After 2 decades: x = 2.

    f (2) = 2,300 * 2 ^2 = 2,300 * 4 = 9,200

    Answer:

    D) $9,200
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